Infinite amount of cash at the Federal Reserve - Money Printer Go BRRRRRR

The Minneapolis Fed Chairman said there is an "infinite amount of cash" in a recent "60 minutes" interview.
The Fed has been in damage control mode as more worry that they are printing too much money.

But have no fear.

Money printer go BRRRRRRRRRRRRRRR


On the bright side we will be so fancy when we are using $100 bills for TP

A “60 Minutes” episode that aired on Sunday raised eyebrows after the Minneapolis Fed President said that there is an “infinite amount of cash.” This was said as reassurance, but many didn’t interpret it that way.
The Federal Reserve has been active trying to calm fears recently regarding everyday people’s savings. In a recent interview on “60 Minutes,” Minneapolis Fed President Neel Kashkari assured the public that their money is safe.

The first insolvent banks have only just begun to fail.

The collapse of Fractional reserve banking is well underway.

Enjoy the (💩) Show

a reply to: dashen

Those who do not study history are doomed to repeat it.


Let it ride.....

Infinite amount of cash at the Federal Reserve - Money Printer Go BRRRRRR

The bearings are about to seize up .

a reply to: dashen

Now you are getting it.

There is no "Debt"

The Federal Reserve Did Not Borrow The Money, Have The Money, Have Any Asset.

They just poof it out of thin air, devaluing the dollar through inflation.

Next time you hear each American household "OWES" something, it is BS.

We do not owe the Fed anything for poofing money into an account from their keyboard.

a reply to: dashen

All the money you could ever want. Just print more.

But isn't that exactly what someone who was trying to crash our system would do?

Well it's some talks around that the president can invoke the US constitution 14th admenment and print money at will.

Democrats are desperate they need the debt increased yesterday.

White House advisers have also been considering whether, for the first time, to invoke the U.S. Constitution’s 14th Amendment, which says that the full faith and credit of the United States shall not be questioned. Use of the provision would almost certainly draw a legal challenge from those opposed to unilaterally increasing the debt ceiling.

Yellen did not rule out invoking use of the constitutional provision but characterized it as among a list of bad options.

“I don’t want to consider emergency options,” she said.

www.bing.com... ng+&sc=10-27&cvid=9b9e594c90d54e56a51a777831d8a28b

If the democrats do this is going to create a constitutional crisis as the president will be by passing congress.

But we know that democrats do not care about any constructional rights these days.

Monetary theory, every american should be equal parts terrified and angry beyond measure.

done on purpose with the only conclusion I can see is to turn the majority of people into serfs.

Looks like the Early onset of the COVID Panic included a financial demerit program in unison with the control methods instigated by many States and local governments. 😁

I have a feeling that is a lie.

a reply to: dashen

We need that Texas coin before the dollar drops below 5% of its original value

sad part is, I wonder what would have happened if Ross Perot had beaten clinton and killed NAFTA, how much stronger would our economy be.

The little dude with big ears was right almost 100% on what he said would happen with the signing of that mess.

People just had to vote for "their" team rather than listen to what was being said.

He ain't lyin'. Matter of fact, he be speakin' hard truth.

By the law of supply and demand, when there is an abundance of any commodity (and cash is essentially a commodity) the value of that commodity goes down.

If a commodity is in infinite supply, what happens to the value of that commodity? Its value will drop to zero as with an infinite supply there is no competition for acquisition of that resource.

If there is an infinite supply of apples, nobody is going to pay for apples.

There is an infinite supply of cash because they will continue to print more. This will drive the value of the cash commodity to zero.

The man is speaking truth.

originally posted by: JinMI
a reply to: dashen

Those who do not study history are doomed to repeat it.


Let it ride.....

We are now the Weimar Republic.

Well, there's more and more countries going away from the Dollar so eventually Americans in America will be the only ones using them. Look to yourselves and be prepared, don't say you haven't been warned.

Essentially what he is saying there is that they could, if they wished, make everyone multi millionaires. Of course that’s a bad idea for many reasons. So you will stay as you are and the rich will get ever wealthier.